LJUL vs. OILK
LJUL (Innovator Premium Income 15 Buffer ETF - July) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - LJUL is a Defined Outcome fund actively managed by Innovator, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. LJUL is actively managed, while OILK is passively managed. Over the past year, LJUL returned 5.58% vs 56.95% for OILK. At a correlation of -0.01, they often move in opposite directions. LJUL charges 0.79%/yr vs 0.68%/yr for OILK.
Performance
LJUL vs. OILK - Performance Comparison
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Returns By Period
In the year-to-date period, LJUL achieves a 1.89% return, which is significantly lower than OILK's 61.09% return.
LJUL
- 1D
- 0.08%
- 1M
- 0.33%
- YTD
- 1.89%
- 6M
- 2.35%
- 1Y
- 5.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILK
- 1D
- -1.91%
- 1M
- -2.15%
- YTD
- 61.09%
- 6M
- 56.40%
- 1Y
- 56.95%
- 3Y*
- 18.39%
- 5Y*
- 17.28%
- 10Y*
- —
LJUL vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LJUL Innovator Premium Income 15 Buffer ETF - July | 1.89% | 5.91% | 3.27% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 61.09% | -11.86% | -8.52% |
Correlation
The correlation between LJUL and OILK is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2024 | -0.01 |
The correlation between LJUL and OILK shifts across timeframes, from -0.15 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LJUL vs. OILK — Risk / Return Rank
LJUL
OILK
LJUL vs. OILK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - July (LJUL) and ProShares K-1 Free Crude Oil Strategy ETF (OILK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| LJUL | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 1.33 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 10.68 | 3.30 | +7.39 |
| Martin ratioReturn relative to average drawdown | 53.88 | 6.67 | +47.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LJUL | OILK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.53 | 1.99 | +1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.79 | 0.11 | +1.68 |
Drawdowns
LJUL vs. OILK - Drawdown Comparison
The maximum LJUL drawdown since its inception was -3.21%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for LJUL and OILK.
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Drawdown Indicators
| LJUL | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.21% | -83.76% | +80.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.52% | -17.35% | +16.83% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.49% | +5.49% |
Average DrawdownAverage peak-to-trough decline | -0.12% | -32.60% | +32.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 8.57% | -8.47% |
Volatility
LJUL vs. OILK - Volatility Comparison
The current volatility for Innovator Premium Income 15 Buffer ETF - July (LJUL) is 0.23%, while ProShares K-1 Free Crude Oil Strategy ETF (OILK) has a volatility of 10.52%. This indicates that LJUL experiences smaller price fluctuations and is considered to be less risky than OILK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LJUL | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 10.52% | -10.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 23.32% | -22.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.58% | 28.82% | -27.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 30.13% | -26.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 35.97% | -32.72% |
LJUL vs. OILK - Expense Ratio Comparison
LJUL has a 0.79% expense ratio, which is higher than OILK's 0.68% expense ratio.
Dividends
LJUL vs. OILK - Dividend Comparison
LJUL's dividend yield for the trailing twelve months is around 5.22%, less than OILK's 8.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LJUL Innovator Premium Income 15 Buffer ETF - July | 5.22% | 5.36% | 2.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 8.34% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Frequently Asked Questions
LJUL and OILK have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILK has higher volatility (10.52%) compared to LJUL (0.23%). In terms of maximum drawdown, LJUL dropped -3.21% vs OILK's -83.76%.
On 1-year performance, OILK leads with 56.95% vs 5.58% for LJUL. On fees, OILK is cheaper at 0.68% per year. On volatility, LJUL has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OILK has performed better with a 56.95% return vs 5.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILK is cheaper with a 0.68% expense ratio, compared with 0.79% for LJUL.
OILK has the higher dividend yield at 8.34%, compared with 5.22% for LJUL.
LJUL is categorized as Defined Outcome, while OILK is Oil & Gas. They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for LJUL and 0.68% for OILK.
LJUL currently has the higher Sharpe Ratio (3.53 vs 1.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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